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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
May 06, 2004
Page
3
The House approved 333 to 89 a measure to curb AMT spread in 2005, shielding about 9 million more taxpayers and avoiding $17.8 billion in extra taxes. It keeps exemption levels at $40 250 for individuals and $58 000 for couples, instead of dropping to $33 750 and $45 000. The Senate and President Bush must still act.
Senator John Kerry challenged the administration on the handling of Iraqi prisoner abuse allegations calling the response slow and inappropriate while pressing for answers on chain of command and accountability. He urged the president to acknowledge abuses and show willingness to correct mistakes.
Thomas Ryan, CVS chairman and CEO, called for legal imports to curb rising U S prices. He told a government task force that millions already import drugs. he values cross border trade at 2.5 to 3 billion annually and says relief is needed amid safety concerns and political opposition.
DETROIT AP GM reports 455382 retirees and spouses in the US but none match Ernest Pusey. Pusey turned 109 on Wednesday, GM's oldest retiree. A WWI Navy veteran, he joined GM in 1926, worked at several plants, and retired in May 1958 as a tool and die maker at Chevrolet Plant Four in Flint.
President Bush helped the Republican National Committee pull in at least 38.5 million at its annual fundraiser in Washington. The event set a one night record under new donation limits and featured donors including boxing promoter Don King. About 1,500 attendees wore business attire at Marriott Wardman Park.
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